Bitcoin mining is undergoing significant changes, including increased profitability and service diversification.

Bitcoin Profitability

Since the Bitcoin halving event, mining difficulty has increased, yet investments in this area have significantly grown. The 7-day Moving Average of BTC hashrate has surpassed the 700 EH/s range, marking a 13% increase since the last halving. This temporarily led to hashprice exceeding $50 PH/s, balancing mining profitability with costs. Although block rewards are reduced due to halving, miners offset this with transaction fees.

Increase in Service Diversity

Bitcoin miners are exploring other avenues such as artificial intelligence (AI). This trend becomes evident in data center organizations and is seen as a way to enhance miners’ significance and profitability. Large companies like Marathon Digital have invested in AI data centers, allowing expansion of hashrate through additional mining devices.

Significance of Hashrate Growth

The increase in Bitcoin's hashrate indicates improved network security and adoption. The rise in mining profitability, the natural selection process among miners, and service diversification support sustainable growth of BTC hashrate.

The development of Bitcoin mining, related to increased profitability and diversity of services, indicates sustainable growth and strengthening of the network.